Pennsbury School District Board Action Meeting - July 9, 2026

The Pennsbury School District Board held an action meeting on July 9, 2026, primarily focused on financing resolutions related to a major high school construction project. The board considered two bond anticipation note (BAN) resolutions—one public and one private—to provide short-term bridge financing until long-term bonds can be issued once updated financial audits are available. The total estimated debt service for the project is approximately $613 million over 30 years, with combined existing and new debt service reaching about $891 million. The board discussed interest rates, borrowing schedules aligned with construction draw schedules, and the district's legal borrowing capacity, confirming it is not at its limit. The resolutions were approved by roll call vote. Board members emphasized fiscal responsibility and ongoing oversight of contracts and project costs to ensure prudent use of funds for the $275 million school replacement project.